Post
Topic
Board Bitcoin Discussion
Re: What you think, Bitcoin needs some regulation ?
by
AleksandrKosov
on 28/01/2018, 11:23:25 UTC
Now a days bitcoin are widely accepted and it is decentralised currency.
Due to its decentralisation some countries do not accept as the payment system.
Is bitcoin needs some regulation to use widely and accepted by all countries ?
Bitcoin is not needed by anyone in the form of a payment system, because it does not possess the required characteristics of the payment system. There are other companies that can match. Here the question is not in what that specific crypto currency, but in the market as a whole. For example, in Japan legalized the crypto currency, now you can accept payments and organize payment systems on the basis of different crypto-currencies, and not just one. For the adoption of such laws, of course, approval of the regulator in each country is necessary. I think those countries that block and reject crypto-currencies will lag behind their IT development from those who will legitimize them.